Market and Business News

- The issues of unemployment, inflation and caste census are the biggest concerns facing the country - In no state has the BJP projected any person as a leader or as the face of the Chief Minister - The present Chief Minister of Madhya Pradesh is also not considered as the Chief Minister of his state - Opinion - P. Chidambaram Elections are currently going on in five states of the country - Mizoram, Chhattisgarh, Madhya Pradesh, Rajasthan and Telangana. The voting dates are from 7th to 30th November. Elections in India become curious. Usually in elections candidates represent a party and that party has a leader who campaigns. The party securing majority of the total seats forms the government either alone or with its allies. Not only has BJP leader Narendra Modi re-framed his party rules, he has also changed the election rules to some extent. Any discontent is suppressed in the BJP. BJP has many Union Ministers and MPs who are forced to contest state assembly elections against

The Conundrum of Economics - Dhawal Mehta The digital revolution has greatly accelerated the process of globalization In the 20th century, mankind both progressed and regressed Among the most important events of the twentieth century, the following events are considered very important. In the twentieth century, the first World War (1914-1918) took place in the history of mankind. Even before that, wars were between nations, but wars were fought between nations and more nations joined one side or the other, but no war before World War I had caused so much destruction. After the First World War of 1914-1918, Hitler rose and the Second World War began in 1939, just 21 years after the First War ended. The two world wars can be considered as the biggest event in the 21st century but even more important event was the decolonization of the world. Due to the end of colonialism, millions of people in the world (mainly from Asia and Africa) were freed from the yoke of the European countries

- Efforts should be made to make this process of change peaceful and smooth About every two decades, humans face a technological wave that tests the limits of our intelligence and our survival skills. The current wave of artificial intelligence (AI) is also a time of such examination. These technological waves share a few things in common. When such a technological wave first comes, some of us start praising it while some people start wondering why these people are wasting their time and ours on these things. Then, when that technological wave takes hold, a kind of anxiety begins to creep into the minds of the thoughtful among us. As the benefits of a new technology begin to dawn on society, we begin to struggle to adopt the changes that allow us to take advantage of that wave. Talking about the technology wave related to artificial intelligence, ChatGPT is an early example, it is currently in its second phase where thinkers and policy makers are busy giving policy directives and f

Smile Index - Vanity Before the Reserve Bank makes us cry, new levels of risk weightage must be set Top executives of all the top banks came together after the RBI ordered not to give indiscriminate loans and increase risk weightage. A worried executive says, 'First check if this order applies to Hon'ble Vijay Mallya, Nirav Modi, Venugopal Deut or just common loan holders?' Another executive says, 'This is the only question. All the rules, orders, instructions of the Reserve Bank are for our common customers only. Whereas in the case of Honorable Mallya and Modi, we are their families. So if there are any rules and laws to be made, then those people should make them and we should follow them.' There was an exclamation of 'Hash...' from the whole room. A third executive says, 'The Reserve Bank's new order is only for unsecured loans. Not for secured loans for houses, vehicles, gold deposits.' A fourth executive fumed, 'All the words a

- Lokabhimukha Guidance - H.S. Patel IAS (Retd.) - 'Civil Court has power to determine ownership of land/property' Since our country and Gujarat is an agriculture-led country, the survey of lands is known as settlement (survey and settlement). During the British rule system, the main thing was to survey the land according to copy and who has how much land revenue, because the main source of income of the state at that time was land revenue. The land revenue system was developed by the British on this basic principle of "To collect Revenue and administer the state" which still operates on the basic structure as Land Management. We all know that on land revenue, Gandhi did the first Champaran satyagraha against the British, and after that success, Kheda and Bardoli satyagraha on land revenue were held under the leadership of Sardar Patel. (eg existing GST / Income Tax etc.) has made land revenue secondary. But land has been an important natural resource and now land

- A rosy economy, despite a weak dollar globally - Asian currencies weakening against the dollar also affected the rupee AHMEDABAD: Dollar weakness in the global market, the Indian currency rupee closed with a second consecutive weekly decline against the dollar despite an increase in foreign exchange reserves in India. With this, the rupee has closed at a historic low of 83.3675 against the dollar. On Thursday, the rupee closed at 83.3425 against the dollar. During trading in the interbank forex market, the rupee has been seen in a narrow range of 82.90 to 83.4 against the dollar for the past one month. Despite every sign of strength and high growth in the Indian economy, the rupee is depreciating. The domestic currency is seen softening amid bright expectations of higher government tax revenue, corporate results and the country's economic growth in July-September than expected by the Reserve Bank. In the global forex market, the dollar index, which determines the value of th

Mumbai: India's economy may not have reached the five trillion dollar mark, but the market cap of the country's equity market is close to touching the $4 trillion mark. The market caps of each of the stocks listed on the BSE are currently close to Rs 329 lakh crore, which equates to approximately $3.95 trillion at a rate of 83.30 to the dollar. To bring the market cap of Indian equities to $4 trillion, an addition of Rs 5 lakh crore is needed in the value of equities, said a research report. It remains to be seen when this level will be achieved as the Indian stock market is currently in a stable position. Nifty50 has gained 9 percent so far in the current year. The country's market cap has increased by Rs 46 lakh crore in 2023. As a result of the good performance of small and midcap stocks, the market cap has risen, the report has noted. In May 2021, India achieved a market cap of 3 trillion dollars. India currently ranks fifth in terms of market cap globally. America

- Money pouring into Dalal Street for public issues - 50 times more applications than the planned fund of Rs.5,521 crore and retail investors also emerged with demand 12 times higher than the allotted shares. Ahmedabad: A new record has been seen in the Indian stock market over the weekend. Investors bid Rs 2,59,974 crore in five public issues to raise capital during this week, which is the largest amount raised in a single week in the history of the country's capital market. The five companies had planned to raise a total of Rs 5,251 crore, excluding the portion of shares to be allotted to anchor investors, but the bids were 50 times higher, indicating growing investor confidence in the Indian stock market, market analysts said. Retail investors also bid 12 times in these five issues. To understand how big this figure is, let us know that only once in the last 10 years has the country's primary market (i.e. money raised through public issues) collected more than one lakh c

Mumbai: India's economy may not have reached the five trillion dollar mark, but the market cap of the country's equity market is close to touching the $4 trillion mark. The market caps of each of the stocks listed on the BSE are currently close to Rs 329 lakh crore, which equates to approximately $3.95 trillion at a rate of 83.30 to the dollar. To bring the market cap of Indian equities to $4 trillion, an addition of Rs 5 lakh crore is needed in the value of equities, said a research report. It remains to be seen when this level will be achieved as the Indian stock market is currently in a stable position. Nifty50 has gained 9 percent so far in the current year. The country's market cap has increased by Rs 46 lakh crore in 2023. As a result of the good performance of small and midcap stocks, the market cap has risen, the report has noted. In May 2021, India achieved a market cap of 3 trillion dollars. India currently ranks fifth in terms of market cap globally. America

New Delhi: Medicines and checkups i.e. medical inflation rate in the country is the highest in the whole of Asia. It is directly affecting the pocket of the common man. This has been revealed in a recent report. According to insurtech company Plum's 'Corporate India Health Report 2023', the medical inflation rate has reached 14 percent. Due to increase in medical expenses, additional financial burden is increasing on the employees. 71 percent of employees pay their own medical bills, while only 15 percent of companies provide medical cover to their employees. According to the Health Report, the lives of more than 9 crore employees of the country have been affected due to the increase in medical expenses. Also, more than 10 percent of their earnings go towards treatment. There is less awareness among employees in the age group of 20 to 30 years about the medical health insurance services provided by the company. According to the NITI Aayog report, the number of employed

MUMBAI: In the Mumbai jewelery market, gold prices rebounded after a shock today, while silver prices were sluggish. The price of gold in the world market increased from 1993 to 1994 to 1997 to 1998 to 1996 to 1997 dollars. Gold prices were firm even at home behind the global market. In the Mumbai bullion market, gold prices were Rs.61,191 from Rs.61,148 at Rs.99.50 per 10 grams without GST. While the price of 99.90 was Rs.61394 and Rs.61437. Mumbai silver prices stood at Rs 73,046 against Rs 73,065 per kg without GST, the global dollar index fell to 104.48 against various major currencies in the world market. There was talk of increased buying of funds in global gold due to retreat in the global dollar. Behind gold in the world market, silver prices also increased from 23.66 to 23.75 to 23.72 to 23.73 dollars per ounce. Global platinum prices were at a low of 924 to $911 to $916 to $917 an ounce while palladium prices were to a low of 1055 to $1043 to $1053 to 1054 an ounce. Globa

Slowness in the secondary market as rupees two lakh crores were drawn in four IPOs Mumbai: The four-day cease-fire between Israel and Hamas, the European Central Bank's indication of a pause in interest rate hikes, and the recovery in the European and American markets in contrast to the recovery in the global markets in the Asia-Pacific countries as the news of a new epidemic spread in China after the Corona virus spread and anxiety also increased in India. Indian stock markets were cautious for the second day in a row with doldrums. Along with this, in the primary market today, four IPO investors including Tata Technologies, Gandhar Oil Refineries, Fedbank Financial withdrew Rs. 2,01,489.94 crores in four days after massive investment. Players in IT-software services, technology stocks, funds in consumer durables stocks were selling against selective buying in banking-finance, healthcare, capital goods stocks. The Sensex bounced between 66102 and 65895 in two-way volatility and

Supply chains of fast-moving consumer goods (FMCG) companies are beginning to falter as demand remains under pressure. This has led to increased stock of unsold goods with distributors and forced them to extend more credit to retailers. Distributors said that in some cases the stock of goods available has doubled compared to normal days (inventory days) and due to lack of customers they have to give merchandise credit to retailers for up to 45 days. The companies are continuously stocking the goods with the distributors but in some cases the distributors have sent some stock to the retailers. Although this was done before Diwali, it will be difficult for sellers to ship more goods after the festival as demand will remain low. A distributor in the western region of the country said that the stock of unsold goods has doubled compared to normal consumption in cities that have depots and retailers are demanding more time to pay for supplied goods. In some cases sellers are taking up to 4

- Sales Tax - Soham Mashruwala Happy New Year to our reader friends and have a very prosperous New Year - Mars. There is specific provision for delay in filing appeal under GST Act. Section 107 makes it clear that an appeal is to be filed within 90 days from the date of the order and therefore a delay of 30 days will be waived. Any delay after missing this deadline cannot be excused. An amnesty scheme has been announced by the government to remedy this matter. Notification No.53/2023 - by Central Tax which is discussed in today's article. To which appeal will it apply? All appeals involving tax amount are eligible to benefit from this scheme. Note specifically that under the GST Act the involvement of tax was Section 73, Section 74 and Section 129 (prior to 01.1.2022) and all these appeals are eligible for this benefit. Special note that section 129 in case of Check Post has been amended vide Notification No.39/2021 Central Tax dated 21.12.2021 in which the amount of tax has

- Antenna - Vivek Mehta - Cash-current account with interest rate of only 3%, savings account deposits as high as 45% with co-operative banks Temptation is bad. Equally bad is the temptation to earn high interest. Due to this, it can lead to giving or taking. There is a danger of losing capital in the temptation to earn more interest. After the Reserve Bank hiked interest rates, nationalized and private banks have also hiked their fixed deposit interest rates to around seven to seven and a half percent. However, co-operative banks did not tend to give additional interest initially. Giving the reason for this, a senior official of a cooperative bank says that the number of small depositors with cooperative banks is increasing. As a result, the amount of deposits in their bank's current account and savings account is as high as 40 to 45 percent. In technical parlance these deposits are known as CASA (Current Account-Saving Account) deposits. Only around 3 percent interest has to

- Chart Indication - Ashok Trivedi The BSE index (close 65794.73 on 17-11-23) is bullish from a low of 63092.98. Currently, the 12-day average is 65100.73, the 48-day average is 65242.93, and the 200-day average is 63587.23. The daily MACD is bullish. Weekly MACD is bearish. Overbought on daily basis, to neutral on weekly basis and overbought to neutral position on monthly basis. Above 66037 above 66359 then the possibility of 66570, 66880, 66910, 67250, 67590, 67927. Realizing weakness below 65373, 65000 below 65507. Caution will be observed on the rise. After that possibility up to 64580, 63550, 63092. Bajaj Finserv (closing price Rs.1615.90 on 17-11-23) is bullish from the bottom of 1527.90. Currently 12 day average is 1589.10 and 48 day average is 1576.60 and 200 day average is 1520.96. Above 1628 above 1647, 1677 then possible up to 1685, 1725, 1765, 1804, 1842. 1567 below 1550 is panic support. Biocon (closing price Rs.232.75 on 17-11-23) is bullish from a bottom of 217.50. C

Despite global challenges and supply chain disruptions, more than 80 percent of businesspeople agree that globalization is succeeding in the five pillars of trade, capital, technology, talent and sustainability. The role of trade in driving economic growth has received the most support, says Standard Chartered's new white paper. However, rising geopolitical tensions, the global energy crisis, supply-chain issues and declining foreign investment have raised doubts about the future role of globalization. According to the white paper, 86 percent of business people said that global trade can lead to more sustainable development, and 83 percent believe that globalization helps make supply chains more resilient. Leaders also called for a more collaborative and transparent approach to international trade agreements with complementary domestic policies. Global trade has had a positive impact on sustainable development. Almost all (95%) entrepreneurs agree on the need for capital to be a

- Industrial guidance - Dhiru Parekh The atmosphere is getting warmer everywhere. Global warming is man-made. Humans are mostly to blame than nature. Man has taken everything from the earth. All types of minerals, coal, gas, oil and other hydrocarbon solvents are extracted from the earth. The earth's crust is becoming empty. Today, every type of mineral is in short supply. Every industry is facing shortage of minerals. Minerals are not guaranteed. Every industry needs different types of minerals. Silica-Quartz :- (silicon dioxide) sio 2 Silica is a type of mineral. Which is obtained through natural sources. Silica is a type of sand. Which are colourless, orderless, tasteless, crystal, white powder type. Which is insoluble in water, soluble in molten alkali Uses :- Widely used in industries like Glass-Water Glass Manufacturing, Ceramic, Abrasive, Anticaking Agent in Food, Filler in Cosmetic, Farmindustries-Detergent, Paper Insecticide, Plastic. Quartz :- Cache No-14808-60-7, s

Who sent 4.78 crores to Aslam's account is a mystery Aslam became a millionaire in two days when 4.78 crore rupees came into his bank account in Aligarh, Uttar Pradesh. Aslam was surprised when suddenly Rs 4.78 crore was deposited in his IDFC and UCO Bank accounts. However, Aslam showed honesty and reported the matter to the concerned bank manager and the police. When the police investigated, the police were also surprised as the money was coming to Aslam's IDFC bank account and then being transferred to UCO Bank. Similarly, money coming to UCO Bank was transferred to IDFC Bank. It was not known where this money was coming from, so the police have registered a case and are still investigating. Nostradamus prediction, Tsunami, famine, terrible war in 2024 The new year of Hindus has started and now the new year of Christians will start. There is barely a month and a half left before the start of the new year of 2024, the predictions made by the great prophet Manata Nodamse ab

- With the end of Dev Diwali and Chaturmas, the booming marriage season for the business sector will begin, driving up inflation. - Every marriage is accompanied by Sangeet Mehendi Ceremony, Sangeet Sandhya, Wedding Day and then reception etc. In which a special package of honeymoon planning is also included. Marriage planners have made it a very profitable business. - Retail Association of India states that during the marriage season there is an increase of 11 percent in sales of gold jewellery, clothes, groceries, food grains etc. It is said that both wearing gold and donating it in marriage are considered auspicious. A week later is Dev Diwali. With the completion of Diwali and Chaturmas, the booming marriage season for the business sector will begin. Marriage season means business of billions. In which people from gold and silver merchants, from clothes and flowers to car decoration to photographers get the whole year's earnings. According to an estimate, the marriage seaso